Strategy Remains Down 20% in 2026: A Prominent Analyst Still Sees 265% Upside After Downward Adjustment Quick Read – Palmer slashed his MSTR target 24% to $435 but kept his Buy rating, and the trimmed number still implies 265% upside from $119. – RIOT surged 57% and MARA gained…
% year to date by pivoting to AI data centers, while MSTR slid 21% as the purest bitcoin proxy. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and MicroStrategy didn’t make the cut. Grab the names FREE today
Strategy (NASDAQ:MSTR), the bitcoin treasury juggernaut formerly known as MicroStrategy, currently trades near $119.25. Benchmark analyst Mark Palmer’s active price target sits at $435, implying roughly 265% upside from here. The company holds 846,000 BTC as of Q2 2026, layered atop a legacy enterprise analytics software business.
Strategy has become a leveraged bitcoin proxy, with shares moving harder than the coin in both directions. Palmer recently cut his target from $570 while keeping his Buy rating intact, yet even the trimmed number implies a triple from current levels. Either the market is badly mispricing this name, or Palmer is badly early.